The post-Paris agenda: challenges ahead for Latin America

The Paris Agreement indicates that in the coming years, the world is going to move to a low-carbon economy, and the energy sector should be responsible for promoting big changes in the global climate scenario. The terms of the agreement are comprehensive and ambitious, based on common but differentiated responsibilities among countries, and the energy guidelines and contribution targets of developed and developing countries differ in many points. This means that both the developed and developing world will have to make efforts to limit the increase in global temperatures to well below 2 °C above pre-industrial levels – and pursue efforts to achieve the 1.5 °C target. However, the contributions of different countries towards providing solutions will be diverse, and will take into consideration each country’s historical and current emissions, as well as its ability to tackle climate change. After the successful results of COP21, each country now has a different – and perhaps more challenging – task of making the Paris Agreement real. In this context, what are the implications of the post-Paris scenario for the energy industry in Latin America